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705 Hillside Ave SW 3,600 SF Office Building Pine City, MN 55063 $555,765 CAD ($154.38 CAD/SF) 9.23% Cap Rate
Executive Summary
3,600 SF - SINGLE-TENANT BLDG CONVENIENT LOCATION
CLOSE TO I-35 - STRONG TENANT IN PLACE SINCE 2013 -
2 YEARS REMAINING ON TERM
NEW FURNACE IN 2019
NEW A/C IN 2019
REMODEL FRONT ELEVATION 2022
PARKING LOT SEAL COATING 2020
NEW SIDING AND WINDOWS 2024
BUILDING REMODELED FOR TENANT 2013
CLOSE TO I-35 - STRONG TENANT IN PLACE SINCE 2013 -
2 YEARS REMAINING ON TERM
NEW FURNACE IN 2019
NEW A/C IN 2019
REMODEL FRONT ELEVATION 2022
PARKING LOT SEAL COATING 2020
NEW SIDING AND WINDOWS 2024
BUILDING REMODELED FOR TENANT 2013
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$74,290
|
$35.73
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$74,290
|
$35.73
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$23,006
|
$11.07
|
| Net Operating Income |
$51,284
|
$24.67
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $74,290 |
| Annual Per SF | $35.73 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $74,290 |
| Annual Per SF | $35.73 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $23,006 |
| Annual Per SF | $11.07 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $51,284 |
| Annual Per SF | $24.67 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
3,600 SF
Building Class
C
Year Built/Renovated
1980/2013
Price
$555,765 CAD
Price Per SF
$154.38 CAD
Cap Rate
9.23%
NOI
$51,284 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,800 SF
Building FAR
0.46
Lot Size
0.18 AC
Opportunity Zone
Yes
Parking
10 Spaces (2.78 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 042.0282.000 | Improvements Assessment | $341,876 CAD (2025) |
| Land Assessment | $105,552 CAD (2025) | Total Assessment | $447,429 CAD (2025) |
Property Taxes
Parcel Number
042.0282.000
Land Assessment
$105,552 CAD (2025)
Improvements Assessment
$341,876 CAD (2025)
Total Assessment
$447,429 CAD (2025)
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705 Hillside Ave SW
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